ANother day another dollar, as always. THe down trend really makes any trending trade easier. The plan was to sell on any small supply on the smaller time frame chart.
SELL 1.30519 TP 1.30469.
Trade close + 5 pip during the EUropean open.
I was looking at the GLOBEX S& P 500 and it is in the monthly supply zone. The chances that this down trend will continue on for the next 2 months or so. But here is the Dollar index vs Eur0. It timed well on my entries.
Trade 1 close nicely with a $ 5000 profit.
THis was base on the 15 min chart. Supply level at 1.30647. What I didn’t realise on this trade was that there was another supply level on top of it hence a level on top of levels. So I decided to hold out the sell and it did work out and reverse sharply.
And it clsoe another + 5 pips. THats another $5000 .
What did I do best ?
Sticking to my plan and flexible on a moment change. Having my day today a full rested day, I was so focus and refresh. SO from the part of analysing the chart to planning it all got executed with success.
What should be change or improve ?
Nothing but continue backtesting and rest a full +7 hours sleep.
What’s next ?
See you tommorow market !!